Lakshman Achuthan, chief operations officer of the Economic Cycle Research Institute, talks about the U.S. economy. Achuthan speaks with Tom Keene and Sara Eisen on Bloomberg Television’s “Surveillance.” Here is a direct link. The trouble with mainstream economic thinkers and strategists is that they never look for or “expect” recessions and so they are never able to see them coming. As a result they are no help to those trying to manage financial risk around the business cycle, and yet anticipating and managing the downside risk is the most important thing we can do in the real world.
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Seems to be ‘old news’. As I recall ECRI claimed we were ‘in recession’ about 6-9 months ago. Has anything really changed? Can’t you feel the recession, the coming entitlement cuts, the angst?
Look no further than the fiasco unwinding in Chicago with the teachers/Emanuel-Obama sell-out. Bad times are coming to America as dog begins to eat dog.
Note to Cory…. re: 7 minutes of terror….I guess that would be relatively speaking.
Imagine the “brainpower” it took to accomplish that landing.
We can spend $100’s of billions blowing holes in the Ozone to send junk into space to learn minutia about a lifeless planet yet we can’t seem to solve the continuing and escalating terror right here on earth.